Form 4: Kinsale Director Acquires Restricted Stock Grant

Kinsale Capital Group Director Frederick L. Russell Jr. acquired 460 restricted shares of common stock at $391.12 per share, vesting in one year.

Summary

• Frederick L. Russell Jr., a Director of Kinsale Capital Group, Inc. (KNSL), acquired 460 shares of common stock.
• The transaction occurred on January 1, 2026, with a price of $391.12 per share.
• These shares are restricted and were issued pursuant to the Kinsale Capital Group, Inc. 2025 Omnibus Incentive Plan.
• The restricted shares will vest on January 1, 2027, which is the first anniversary of the grant date.
• Following this transaction, Mr. Russell directly owns 1,261 shares of common stock.
• Mr. Russell also indirectly owns 23,566 shares as a trustee of The Frederick L. Russell, Jr Revocable Trust, but disclaims beneficial ownership of shares where he does not have a pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director receiving restricted stock aligns their interests with shareholders, although it is a compensation event rather than an open market purchase.

Positives

• The acquisition of restricted shares by a director aligns management's interests with those of shareholders, as the value of their compensation is tied to the company's stock performance.
• The grant is part of an established incentive plan (2025 Omnibus Incentive Plan), indicating a structured approach to executive and director compensation.

Future Outlook

The restricted shares granted to Director Frederick L. Russell Jr. are set to vest on January 1, 2027, indicating a future increase in his direct beneficial ownership of fully vested shares, contingent on continued service and plan terms.

Management Comments

• The restricted shares were issued pursuant to the terms of the Kinsale Capital Group, Inc. 2025 Omnibus Incentive Plan.
• The restricted shares have a grant date of January 1, 2026, and will vest on the first anniversary of the grant date.
• Mr. Russell disclaims beneficial ownership of any shares of common stock held by The Frederick L. Russell, Jr Revocable Trust with respect to which Mr. Russell does not have a pecuniary interest therein.

Industry Context

This transaction represents a routine insider compensation event, common across publicly traded companies where directors and executives receive equity grants as part of their remuneration packages to incentivize long-term performance and align interests with shareholders. It does not indicate a specific shift in broader industry trends but reflects standard corporate governance practices.

Related Party Transactions

• Frederick L. Russell Jr. is a trustee of The Frederick L. Russell, Jr Revocable Trust, which indirectly holds 23,566 shares of common stock. Mr. Russell disclaims beneficial ownership of shares within the trust where he lacks a pecuniary interest.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director can be viewed positively as it aligns management's long-term interests with shareholder value creation.

Next Steps

• The 460 restricted shares granted to Frederick L. Russell Jr. are scheduled to vest on January 1, 2027.

Key Dates

Keywords

Kinsale Capital Group, KNSL, Frederick L. Russell Jr., Director, Restricted Stock, Insider Transaction, Form 4, Equity Compensation, Stock Grant